Do I have to take a physical exam in order to purchase a term life insurance policy?
That depends on your age and health, and the requirements of the insurance company.
Some reasons insurers require a physical may include:
- You are over age 30
- You need more than $50,000 of life insurance
- You smoke
- You have a pre-existing health condition
However, there are insurers that offer non medical life insurance policies, which means you won't have to take an exam to qualify for life insurance coverage.
Some life insurance carriers offering non medical life insurance plans include:
- Haven Life
- ANICO
- Globe Life
However, non medical life insurance usually limits the amount of coverage you may purchase, and the price you pay for your policy will usually be more than you would pay for a fully-underwritten life insurance plan that does you require you to take a physical exam.
Here's how to learn more:
"Does term life insurance require a physical examination?"
